Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Tropical update/CeeJay
In Response To: Tropical update *PIC* ()

Hi CeeJay,

Looking at the daily chart, yesterday's bar and today as it is developing, Ng may just go up today as the estimates of the EIA build start to come out/leak out. I clearly have "no idea" if, when the "power burn consumption" will kick into the price. That is what I am watching for. Clearly, short term Ng consumption is UP quite a bit with the heat over the past 2 weeks !!

All I can say is that the lower offers to sell (both yesterday and so far today) have not been met with enthusiasm. I clearly would not "go long" and "walk away" but it may be worth keeping an eye on.

It will be interesting to see what happens as the estimates on the build come out over the day and what it does to price. As I recall, those estimates don't surface until "late in the day", this time I will try to be more careful on just when they come out.

At the moment, my "piggy bank" wants no part of this !!!!!

Lee